Warren Buffett’s Berkshire Hathaway Inc. on Tuesday was named the lead bidder in an upcoming auction of a portfolio of Residential Capital LLC loans, but it lost out to Nationstar Mortgage Holdings Inc. to become the “stalking horse” for the ResCap mortgage-serving assets that became the subject of an in-court bidding war Monday. Read the Daily Bankruptcy Review article here.

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Law Blog reports that the group winding down Dewey & LeBoeuf LLP wants to present former partners with a claim-settlement plan as soon as two weeks from now.

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From Dow Jones Daily Bankruptcy Review, exclusive coverage of corporate bankruptcies, companies headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Pat Fitzgerald and Daily Bankruptcy Review reporters in Washington, New York and Wilmington, Del., provide insight into the big cases, who’s next to fall and what’s making news across the bankruptcy market.